Tertiary education is the slog worth it?

We all know that everyone encourages the high school students to begin planning their future by deciding on career paths and what tertiary education they are going to go into once they have finished their school career. It has always been accepted that by having a degree you have the key to obtaining a good job. The increasingly high fees of tertiary education coupled with the shrinking financial and educational returns have made young people question whether higher education is profitable.

Here are some statistics which really make higher education look like a bad choice for all.

1 in 3 students drop out after the first year

1 in 3 students graduate debt free

44% of graduates delay buying a house due to student debts

4 of the top 10 majors do not have much financial gain

50% of employers in America believe that new employees are adequately prepared for the job by tertiary education

Here is a diagram of information obtained from various surveys across America.

A lot of students study further because of pressure from their coaches, student counselors and parents. They land up choosing a field which they are led to believe is their niche yet they have no passion in the field.

Before going into tertiary education, find your passion and devise a plan to combat student debts. If a person has a passion for the field they are more likely to complete the degree.

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Julie Cheung / Finance Girl

Manchester blogger with an interest in personal finance, fitness and food. My posts revolve around saving/making money, things to do in and out of Manchester, and places to eat on a budget - but not always :-)